FX Reports

By Carlo S

Based in Canada and newly established, FxReports is one of the new forex trading sites we included in this review. FxReports was established in July 2007.

At a trial cost of $4.95 for period of 15 days, a subscriber gets access to a demo forex trading account. The account is similar to a real one except that no real money involved. A guide helps the user in the opening and managing of the demo. The purpose of the demo is to give the subscriber a feel of how it is do forex trading via Fxreports. If the user likes what he sees he can order an actual account.

Subscription also comes with access to forex training and video libraries.

The sites premium product, however, is the Excalibur V 2.25, a forex trading software. Excalibur, which Fxreports calls The Automated Managed Account Trading System, boasts of a constant profit factor between 100 plus pips a month.

Excaliburs features include the ability to run on accounts with as little as $1,000. It does trades on its own and even adjusts trades to maximize profits. The software trades in the American and European markets and trades on all currencies. Its strength lies on 40,000 hours of testing and a regularly updated database. - 23199

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